World Bank Approves USD 134.3 mln Support for Moldova
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The World Bank said that it approved a USD 134.3 million support package to assist Moldova's government in mitigating the socio-economic impacts of Russia's invasion of Ukraine, particularly on refugees and households.
The budget support measure also aims to bolster Moldova's resilience and enhance competitiveness to reduce vulnerabilities to future shocks, the World Bank said in a press release.
The package includes contributions from the International Monetary Fund (IMF), the European Union, and bilateral partners.
Of the total amount, USD 100 mln is an International Bank for Reconstruction and Development (IBRD) loan, USD 9.3 mln comes in the form of a financing grant from the Moldova Development Policy Multi-Donor Trust Fund (MDTF), while USD 25 mln represents a contribution from the Global Concessional Financing Facility (GCFF).
The Contributions to the MDTF have so far been received from the United States, Norway, Ireland, and Sweden, with additional partner support expected in the coming months, as well as financing from the Japan International Cooperation Agency.
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